Applications are currently being accepted by the Ugwumba Center for Leadership Development in Africa for the 2024 Ugwumba TETFUND Enterprise Challenge. Eligible applicants are to send their application on or before September 16, 2024, to stand the chance of being the selected winner for the N10 million.
Read on to get the details of the 2024 Ugwumba TETFUND Enterprise Challenge, the benefits of the program, eligibility criteria, and step-by-step application process.
Also Recommended: 2025 ECOWAS Young Graduate Immersion Program (How To Apply)
Summary of 2024 Ugwumba TETFUND Enterprise Challenge
| Host | TETFUNDUgwumba Center for Leadership |
| Category | Competitions | Training |
| Eligible Countries: | African Countries |
| Location | NIGERIA |
| Reward | N10 million Grant |
| Application Process | Online |
| Application Deadline | September 16, 2024 |
About Ugwumba Center for Leadership
The Ugwumba Center for Leadership is a non-profit organization that is committed to the development and empowerment of leaders, particularly in the African continental region.
Focus Areas:
- Youth Empowerment
- Women in Leadership
- Community Development
- Entrepreneurship
- Governance and Policy
Impact:
- Developing leaders who drive positive change
- Building a network of influential leaders
- Promoting sustainable development in Africa
The Ugwumba Center for Leadership Development in Africa is a non-partisan, non-discriminatory, non-profit development group that was founded in 2018 in Nigeria. Its goal is to train the next generation of African leaders and entrepreneurs.
Details Of The 2024 Ugwumba TETFUND Enterprise Challenge
This is the seventh edition of our annual concept pitching and grant competition, which is intended to encourage the creation of new jobs, the advancement of economic development, and the promotion of innovations across the nation.
It is available to young entrepreneurs in Nigeria who are between the ages of 18 and 40 and who have ideas that we have the potential to turn into profitable business operations or social businesses.
The TETFUND Enterprise Challenge is a challenge where young people in Africa can pitch their business ideas and win grants.
The goal is to give them the tools they need to turn their ideas, skills, and passions into successful businesses or social enterprises that can grow.
They chose this plan for a pitching competition because it pushes our young people to be creative and brave to succeed as entrepreneurs.
All applicants have to go through a Boot Camp and a Pitching Competition. We give funds and professional help to the applicants with the best business ideas.
Eligibility Requirements for the 2024 Ugwumba TETFUND Enterprise Challenge
The Ugwumba TETFUND Enterprise Challenge welcomes aspiring entrepreneurs in Nigeria aged 18 – 40, who possess innovative ideas that can be turned into thriving business ventures or impactful social enterprises.
Benefits and Rewards
During the grand finale, the top ten finalists will once again present their ideas and compete for the prizes that are listed below:
Star Prizes:
- 1st Prize:Â Â Â N2 million
- 2nd Prize:Â Â N1 million
- 3rd Prize:Â Â Â N700,000
- 4th Prize:Â Â Â N500,000
- 5th Prize:Â Â Â N300,000
A total of N100,000 will be awarded as a consolation prize to each of the remaining 6th – 10th finalists.
Schedule of Activities
1) Call for Applications – August 16 – September 16, 2024
2) Admission into Boot Camp – September 18, 2024
3) UEC 2024 Open Day – September 20, 2024
4) UEC Boot Camp – September 23 – October 18, 2024
5) 1st Preliminary Pitching Competition – October 21 – 30, 2024
6) Announce Top 20 Startups – November 04, 2024
7) 2nd Preliminary Pitching Competition – November 06 – 20, 2024
8) Announce Top 10 Finalists – November 26, 2024
9) Grand finale in Abuja – December 03, 2024
How to Apply for the 2024 Ugwumba TETFUND Enterprise Challenge
Interested and eligible candidates are to follow the process of applying for the 2024 Ugwumba TETFUND Enterprise Challenge.
- Click on the Apply Now button below to take you to the application page
- Enter your email address and click on Next
- Complete the form using your correct details
- You will be required to upload a 2 minutes max pitch video, describing what your business is about
- Click on the Submit button when you are done.
Application closing date: The deadline for applying is September 16, 2024.